Rental rises?!

[peterb]

Hmmm, deflation at work? Rents are typically very sticky. Wonder what’s going on???? Unemployment?

[EconProf]

What’s going on here is that we are in a deflationary environment that is spreading to many areas once thought to be immune to price declines: housing of course, but now rents, vehicle prices new and used, cost of labor & contractors, restaurant meals, etc, etc.
In fact, deflation is everywhere but in taxes and the size of government! Property taxes due next Friday (anyone’s going down?), income taxes due the following Wednesday.
Not to worry…Obama is our President and Schwartzenneger is our Governor. Our future is assured.
Apologies for the rant.

[EconProf]

What’s going on here is that we are in a deflationary environment that is spreading to many areas once thought to be immune to price declines: housing of course, but now rents, vehicle prices new and used, cost of labor & contractors, restaurant meals, etc, etc.
In fact, deflation is everywhere but in taxes and the size of government! Property taxes due next Friday (anyone’s going down?), income taxes due the following Wednesday.
Not to worry…Obama is our President and Schwartzenneger is our Governor. Our future is assured.
Apologies for the rant.

[EconProf]

What’s going on here is that we are in a deflationary environment that is spreading to many areas once thought to be immune to price declines: housing of course, but now rents, vehicle prices new and used, cost of labor & contractors, restaurant meals, etc, etc.
In fact, deflation is everywhere but in taxes and the size of government! Property taxes due next Friday (anyone’s going down?), income taxes due the following Wednesday.
Not to worry…Obama is our President and Schwartzenneger is our Governor. Our future is assured.
Apologies for the rant.

[EconProf]

What’s going on here is that we are in a deflationary environment that is spreading to many areas once thought to be immune to price declines: housing of course, but now rents, vehicle prices new and used, cost of labor & contractors, restaurant meals, etc, etc.
In fact, deflation is everywhere but in taxes and the size of government! Property taxes due next Friday (anyone’s going down?), income taxes due the following Wednesday.
Not to worry…Obama is our President and Schwartzenneger is our Governor. Our future is assured.
Apologies for the rant.

[EconProf]

What’s going on here is that we are in a deflationary environment that is spreading to many areas once thought to be immune to price declines: housing of course, but now rents, vehicle prices new and used, cost of labor & contractors, restaurant meals, etc, etc.
In fact, deflation is everywhere but in taxes and the size of government! Property taxes due next Friday (anyone’s going down?), income taxes due the following Wednesday.
Not to worry…Obama is our President and Schwartzenneger is our Governor. Our future is assured.
Apologies for the rant.

[zzz]

Having just been searching for months in the rental market, I can attest that rents may be lower for large apartment complexes, less desirable neighborhoods, or less desirable units, but single family homes in areas like Mission Hills or even the west part of North Park in homes that are modern and what I’d consider nice are not coming down. If anything the nice homes are getting snatched up quickly and the not so nice ones are staying on craigslist. I found over several months of looking, nicer homes are holding their value just fine if not in fact going up because there just aren’t that many nice homes to rent.

[zzz]

Having just been searching for months in the rental market, I can attest that rents may be lower for large apartment complexes, less desirable neighborhoods, or less desirable units, but single family homes in areas like Mission Hills or even the west part of North Park in homes that are modern and what I’d consider nice are not coming down. If anything the nice homes are getting snatched up quickly and the not so nice ones are staying on craigslist. I found over several months of looking, nicer homes are holding their value just fine if not in fact going up because there just aren’t that many nice homes to rent.

[zzz]

Having just been searching for months in the rental market, I can attest that rents may be lower for large apartment complexes, less desirable neighborhoods, or less desirable units, but single family homes in areas like Mission Hills or even the west part of North Park in homes that are modern and what I’d consider nice are not coming down. If anything the nice homes are getting snatched up quickly and the not so nice ones are staying on craigslist. I found over several months of looking, nicer homes are holding their value just fine if not in fact going up because there just aren’t that many nice homes to rent.

[zzz]

Having just been searching for months in the rental market, I can attest that rents may be lower for large apartment complexes, less desirable neighborhoods, or less desirable units, but single family homes in areas like Mission Hills or even the west part of North Park in homes that are modern and what I’d consider nice are not coming down. If anything the nice homes are getting snatched up quickly and the not so nice ones are staying on craigslist. I found over several months of looking, nicer homes are holding their value just fine if not in fact going up because there just aren’t that many nice homes to rent.

[zzz]

Having just been searching for months in the rental market, I can attest that rents may be lower for large apartment complexes, less desirable neighborhoods, or less desirable units, but single family homes in areas like Mission Hills or even the west part of North Park in homes that are modern and what I’d consider nice are not coming down. If anything the nice homes are getting snatched up quickly and the not so nice ones are staying on craigslist. I found over several months of looking, nicer homes are holding their value just fine if not in fact going up because there just aren’t that many nice homes to rent.

[Author]

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